SDCL § 57A-9-708: Conditions to filing initial financing statement or continuation statement under part.

A person may file an initial financing statement or a continuation statement under this part if:

(1) The secured party of record authorizes the filing; and

(2) The filing is necessary under this part:

(A) To continue the effectiveness of a financing statement filed before July 1, 2001; or

(B) To perfect or continue the perfection of a security interest.

Source: SL 2000, ch 231.